Get a quote

Call us now on 1-855-434-3767 or fill out your details and we’ll call you back

First Name
Company Name
Email
Phone

Book your free demo now

Call us on 1-855-434-3767 or fill out your details below.

Closing the gender pay gap


April 5th 2018 was the deadline for UK companies with over 250 employees to publish their gender pay gaps. The results showed the overall gender pay gap as 14%, and while pay can often be a topic individuals like to keep private, having an open conversation about it is one of the most crucial things we can do to start bridging the gap.


Closing the gender pay gap

Before embarking on the gender pay gap journey, we must first understand the difference between equal pay and the gender pay gap. Equal pay regards the pay males and females receive in the same or similar job roles, while the gender pay gap focuses on the difference in pay for males and females across all boards, which is presented as a mean and a median.

The median is calculated by ranking the pay of all males in the business and all females in the business from lowest to highest and finding the middle-paid colleagues. The median pay gap would then be the difference between male and female median pay. On the other hand, the mean is calculated by comparing the average pay for all men and all women across an organisation. While men and women may hold different job roles across the board, significant differences in the mean pay can also highlight the issue of men dominating more senior roles; Sainsburys wrote in their report:

"We, like many organisations, have more men than women at the most senior levels of our organisation and more women than men in hourly paid roles. This means we have more men earning higher salaries than women, which has a significant impact on both our gender pay and bonus gaps… this difference in representation at senior levels of our organisation is something we are determined to address."

Closing the gender pay gap

Here are 3 reasons why acknowledging and then closing the gender pay gap will benefit your business:



AUTHOR

Abi Constable

Abi joined Epos Now in April 2018 as a Campaign Marketing Executive. She worked in hospitality part-time throughout her academic career and loves travelling and eating out.



Related Posts


Epos Now has helped over 30,000 businesses

Find out more about our award winning product

or call us on 1-855-434-3767

Our Awards

award
award
award
award
award